Afreximbank disburses $15 billion for Intra-African trade

The African Export-Import Bank (AFREXIMBANK), devoted to financing and promoting intra and extra-African trade, owned by African governments, private and institutional investors, and non-African investors, with Nigeria as a major stakeholder, has disbursed $15 billion out of the $25 billion it committed in support of the implementation of the African Continental Free Trade Agreement (AfCFTA). The bank’s President, Prof. Benedict Oramah has said that the bank is currently building a trade information portal to enhance knowledge sharing and critical trade information across Africa. THE GUARDIAN